Fuels and Electricity Deregulation
$19.95 Buy and instantly download this paper now
The paper discusses the issue of utility deregulation and how electric utilities strenuously opposed attempts to terminate their monopolies. The paper focuses on California and Pennsylvania deregulation law and discusses legislation that protects renewable energy and conservation programs. The paper considers the potential of nuclear power, solar energy, wind energy, biomass fuels and geothermal energy, and discusses how energy produced from renewable sources offers numerous environmental benefits over fossil fuels. The paper then highlights the success of the carefully organized and implemented deregulation plan in Pennsylvania that took care of economics' laws of demands and supply, in contrast to California's deregulation that was simply a matter of greed.
From the Paper:"Electricity systems are divided into three parts, namely, generation, transmission and distribution.1 Generation is the process of turning fuel, e.g., coal, gas, nuclear or other forms of energy (water or solar) into electrical energy. The transmission stage moves the electricity in bulk quantities from the power plant to a buyer, like the utility one buys power from. Distribution delivers power from the bulk purchaser to the consumer.
"Under the regulatory framework in place since the 1930s, electric utilities--viewed as natural monopolies providing generation, long-distance transmission and short-distance distribution of power--had been granted exclusive rights to all customers within designated geographical areas, with guaranteed rates of return.2 In exchange, the utilities accepted the obligation to serve those customers at prices set by the state regulators, based on production costs."
Cite this Research Paper:
Fuels and Electricity Deregulation (2003, October 01) Retrieved July 05, 2020, from https://www.academon.com/research-paper/fuels-and-electricity-deregulation-35359/
"Fuels and Electricity Deregulation" 01 October 2003. Web. 05 July. 2020. <https://www.academon.com/research-paper/fuels-and-electricity-deregulation-35359/>